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TDS ON BANK INTEREST

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(Querist)
12 February 2010 IF we are not submiting form 15G/H to the bank whether the bank will deduct TDS on fixed deposit interest or not ...?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
12 February 2010 yes
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CA Amit Kumar Hallen

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CA Amit Kumar Hallen (Expert)
12 February 2010 Dear Venkatesh,

The bank will deduct TDS onlt if the interest amount exceeds Rs 10000/- in a year.

Regards
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 February 2010 Yes Bank will deduct the interest if the interst more than Rs.10000/p.a

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